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Older investors need some illiquid assets, says fund manager

These much sought-after alpha returns can help boost seniors' nest-egg


"At 65, you shouldn't be so conservative in your approach or you wouldn't have enough money to last till 90.'' - Gerard Lee (above), CEO of Lion Global Investors

PRIVATE equity and other such illiquid investments are typically the preserve of the wealthy and sophisticated. But veteran fund manager Gerard Lee, chief executive of Lion Global Investors, believes such assets could help retail investors generate consistent, above-market returns - or alpha -...

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